Which companies are bidding for Shell's US petrochemical business, and what is the estimated sale value?

According to the news, bidders for Shell's US petrochemical business include LyondellBasell Industries, ExxonMobil, private equity firm Apollo Global Management, and Kuwait Petroleum; the business could fetch as much as $8 billion.

What major asset is likely included in the sale, and what was its construction cost?

The sale would presumably include Shell’s new ethylene and polyethylene complex in Monaca, Pennsylvania, which started up in 2022 and cost Shell $14 billion.

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Shell is receiving bids up to $8 billion for its US petrochemical business from rivals like LyondellBasell and ExxonMobil. The deal includes significant assets such as the Monaca, Pennsylvania facility and sites in Texas and Louisiana.

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